This basis of premium involves units of exposure, and the quantity comprising each unit of. exposure is indicated in the classification rates, such as âper personâ. Endurance American Specialty Insurance Company EGL 1305 0606. Page 2 of 5.
DEFINITION of 'Conservatorship' A conservatorship is a situation or circumstance wherein the courts determine that an individual is not capable of overseeing and dealing with legal matters, thus the individual appoints someone else, a conservator, to take care of such matters.
California Conservatorship: Reasons & Benefits . When an adult cannot care for themselves and/or manage their own finances, a court can appoint another person to take protective responsibility. This creates a court ordered conservatorship (also called a probate conservatorship) between the protected person (the conservatee) and the responsible person (the conservator). A conservatorship is a formal, legal authorization for the conservator - usually a spouse or domestic partner, family member, close friend, or hired professional - to make